Business
October 5, 2020
DraftKings Is Seeking to Raise $1B through a Public Offering
NASDAQ-listed daily fantasy and sports betting operator DraftKings announced today it started an underwritten public offering of 32 million shares of its Class A common stock, looking to raise in excess of $1 billion. DraftKings explained in the investor update it released on its website that half of the total amount of shares will be […]
Casino
May 11, 2020
Penn Boosts Liquidity through Common Stock and Senior Notes Public Offerings
Pennsylvania-based Penn National Gaming Inc announced today it started an underwritten public offering of common stocks, as well as an underwritten offering of convertible senior notes, to the amount of $250 million each. The new debt security the company is issuing has maturity in 2026 and can be converted into Penn’s common stock anytime until […]